Regulations Section 1 6081 5

Section 1 6081 5 is amended by revising paragraph b to read as follows.
Regulations section 1 6081 5. 1 6081 5 extensions of time in the case of certain part nerships corporations and u s. The form then asks if your business qualifies under regulations section 1 6081 5 of the internal revenue code. A an extension of time for filing returns of income and for paying any tax shown on the return is hereby granted to and including the fifteenth day of the sixth month following the close of the taxable year in the case of.
A an extension of time for filing returns of income and for paying any tax shown on the return is hereby granted to and including the fifteenth day of the sixth month following the close of the taxable year in the case of. You do not need to submit form 7004 for this 3 month extension which moves the deadline to the 15th day of the 6th month following the end of the tax year. Except in the case of an extension of time pursuant to 1 6081 5 an extension of time for filing an income tax return shall not operate to extend the time for the payment of the tax unless specified to the contrary in the extension.
1 6081 5 extensions of time in the case of certain partnerships corporations and u s. 1 6081 5 extensions of time in the case of certain partnerships corporations and u s. B the text of proposed 1 6081 5 b is the same as the text of 1 6081 5t b published elsewhere in this issue of the federal register.
These entities do not need to file form 7004 to take this automatic extension and must file or request an additional extension of time to file and pay any balance due by the 15th day of the 6th month following the close of the tax year. 1 6081 5 extensions of time in the case of certain partnerships corporations and u s. For rules relating to extensions of time for paying tax see 1 6161 1.
This section is used by foreign corporations domestic corporations that transact business and keep books outside the u s or domestic corporations whose principal income derive from u. Under regulations section 1 6081 5 these types of corporations are automatically given an extra three months to file and pay their taxes.